| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP14378 |
| DP14378 Globalization Cycles | |
| Maurice Obstfeld | |
| 发表日期 | 2020-02-02 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | Mark Twain is reputed to have remarked that history does not repeat itself, but it often rhymes. While the Global Financial Crisis of 2008-2009 was not a catastrophe on the order of World War I, there is a broad similarity in the sequelae to both of these events – a failed attempt to return to pre-trauma normalcy, followed by a process of international economic disintegration in the face of changed geopolitical realities. In this essay, I explore three questions that this similarity raises. Does globalization inherently foster domestic or international dynamics that eventually lead to political backlash? If so, are these dynamics inevitable, or can complementary economic policies nurture a stable globalization? And finally, since policies are endogenous, when are policy approaches and institutions that complement and support globalization likely to arise? |
| 主题 | Economic History ; International Macroeconomics and Finance |
| 关键词 | Globalization Deglobalization |
| URL | https://cepr.org/publications/dp14378 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/543272 |
| 推荐引用方式 GB/T 7714 | Maurice Obstfeld. DP14378 Globalization Cycles. 2020. |
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